Fruge Mary Celeste 4
4 · NPK International Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
NPK International VP Mary Celeste Fruge Exercises Options, Sells Shares
What Happened
Mary Celeste Fruge, Vice President and General Counsel of NPK International Inc. (NPKI), exercised 11,193 stock options on March 6, 2026 and immediately sold the 11,193 shares acquired. The options were exercised at $4.32 per share for a total exercise cost of $48,354; the shares were sold in the open market at a weighted-average price of $13.34 per share for total proceeds of $149,303 (gross), implying roughly $100,949 in pre-tax proceeds before fees.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely filed).
- Exercise: 11,193 options exercised at $4.32 (total $48,354).
- Sale: 11,193 shares sold at weighted-average $13.34 (total $149,303); sale prices ranged $13.24–$13.48.
- Post-transaction shares owned: not disclosed in the provided filing excerpt.
- Footnote: The exercise and sale occurred automatically under a Rule 10b5-1 trading plan adopted Dec 5, 2025. Weighted-average sale price reported; reporter can provide per-trade prices on request.
Context
This was effectively a cashless exercise — options were exercised and the resulting shares were sold the same day under a prearranged 10b5-1 plan. Such automatic, plan-driven transactions are common and generally viewed as routine disposition rather than an ad hoc signal about company prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-06$4.32/sh+11,193$48,354→ 276,406 total - Sale
Common Stock
[F1][F2]2026-03-06$13.34/sh−11,193$149,303→ 265,213 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F1]2026-03-06−11,193→ 1,000 totalExercise: $4.32From: 2019-06-01Exp: 2026-05-19→ Common Stock (11,193 underlying)
Footnotes (2)
- [F1]The reported exercise of 11,193 options and subsequent sale of the shares acquired upon exercise occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2025.
- [F2]The price reported is the weighted average price. These options were sold in multiple transactions in the open market at prices ranging from $13.24 to $13.48, inclusive. The reporting person undertakes to provide to NPK International Inc., any security holder of NPK International Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of options sold at each separate price within the range set forth in footnote (2) to this Form 4.